Keller Group (LON:KLR) Reaches New 1-Year High - Should You Buy?

Key Points

• Keller Group hit a new 52-week high, trading as high as GBX 2,334 and last at GBX 2,328 on the session with notable volume.
• Analysts hold a consensus rating of “Moderate Buy” with a consensus target of GBX 2,155; Royal Bank of Canada and Deutsche Bank recently raised targets to GBX 2,270 and GBX 2,200 respectively, with two analysts at Buy and two at Hold.
• The board authorized an open-market share buyback program and insider David Burke sold 44,212 shares at an average of GBX 2,023, while insiders currently own 3.18% of the stock.

Keller Group plc (LON:KLR - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 2,334 and last traded at GBX 2,328, with a volume of 64510 shares. The stock had previously closed at GBX 2,256.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada raised their price target on shares of Keller Group from GBX 2,050 to GBX 2,270 and gave the stock a "sector perform" rating in a report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Keller Group from GBX 1,660 to GBX 2,200 and gave the stock a "hold" rating in a report on Thursday, March 5th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 2,155.

Keller Group Stock Performance

The firm's fifty day moving average price is GBX 2,095.28 and its 200 day moving average price is GBX 1,819.48. The company has a current ratio of 1.44, a quick ratio of 1.17 and a debt-to-equity ratio of 48.39. The stock has a market capitalization of £1.62 billion, a price-to-earnings ratio of 11.77, a price-to-earnings-growth ratio of 2.86 and a beta of 0.99.

Keller Group (LON:KLR - Get Free Report) last posted its quarterly earnings results on Tuesday, March 3rd. The company reported GBX 215.20 earnings per share for the quarter. Keller Group had a return on equity of 23.46% and a net margin of 4.62%. Analysts forecast that Keller Group plc will post 192.5925926 EPS for the current fiscal year.

Keller Group announced that its board has authorized a stock repurchase program on Monday, March 30th that allows the company to buyback 0 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Insider Transactions at Keller Group

In related news, insider David Burke sold 44,212 shares of the company's stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of GBX 2,023, for a total value of £894,408.76. 3.18% of the stock is owned by company insiders.

Keller Group Company Profile

Keller Group plc provides specialist geotechnical services in North America, Europe, the Asia-Pacific, the Middle East, and Africa. The company offers ground improvement services, grouting, deep foundations, earth retention, marine, and instrumentation and monitoring services, as well as post-tension systems and industrial services. It also provides solutions, such as bearing capacity improvement, low carbon construction, containment, excavation support, stabilisation, marine structures, seepage control, slope stabilization, and monitoring.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.